1415 22Nd StOak Brook, IL 60523

Property Details for 1415 22Nd St

Year built

1976

Lot size

12.47 AC

Property size (Sq ft)

442,326 SF

Zone code

C

Property type

Office buildings

APN

06-26-100-009

APU

626100009

Description

Oak Brook Regency Towers offers exceptional Class A office space in two 13-story buildings totaling 220,860 square feet. Located at 1415 W 22nd St, Oak Brook, IL 60523, this prestigious property boasts a prime location near Oakbrook Center mall, hotels, and numerous amenities. The complex features a three-level covered parking garage with 1000 spaces, a renovated fitness center, a state-of-the-art conference facility, a full-service bank, a sundry store, and a new restaurant. Each building showcases an elegant domed rotunda lobby. Suites range from 1,572 to 17,292 contiguous square feet, with 82,014 square feet currently vacant. The property, built in 1976, offers multiple tenancy options and is conveniently located near Route 83, providing easy access to transportation and major thoroughfares. Tenants benefit from the vibrant Oak Brook business community and its supportive Chamber of Commerce. Elevators are available in both buildings. This is an unparalleled opportunity to secure high-quality office space in a thriving business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $133,147,432

  6.5%

  $122,905,320

  7%

  $114,126,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,612,960

  Geo Method

  $57,612,960

• Alternative Use

  Use

  Valuation

  Residential

  $152,402,608

  Hospitality

  $139,599,968

  Educational

  $116,145,528

  Medical

  $120,139,952

  Retail

  $180,670,832

Location Insight

City

Oak Brook

County

Dupage

State

Illinois

Latitude

41.8457

Longitude

-87.9555

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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